Inman Manufacturing Company makes a product that it sells for $61 per unit. The company incurs variable manufacturing costs of $19 per unit. Variable selling expenses are $17 per unit, annual fixed manufacturing costs are $190,000, and fixed selling and administrative costs are $152,250 per year.

Required: a. Determine the break-even point in units and dollars using equation method.

b. Determine the break-even point in units and dollars using contribution margin per unit.

c. Determine the break-even point in units and dollars using contribution margin ratio.

d. Prepare a contribution margin income statement for the break-even sales volume.